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paychecks and one of the things, randi, that is so disappointing. this fiscal cliff didn't come out of no where. we knew it was coming, it was rolling our direction. but one thing frustrating americans is it seemed like the cliff was being ignored or put on hold while the campaign was going on. it was the day after the election. we saw the dow drop 300 points and suddenly everyone woke up and said we have to face this cliff and the question is, can they really address these issues in the next 24 days with the president heading for vacation and congress about to go home? it doesn't feel good. >> no. in terms we're waiting to find out if we're going to go over the cliff, but we're already seeing the effects of it, aren't we? a lot of americans without jobs and just the fear of going over the cliff is affecting it because it's affecting hiring. >> without a doubt. you wonder if it's affecting big business or small business. corporate ceos are simply sitting on their hands. you are seeing u.s. corporations with more money on their balance sheet than they had in years. the fact that they
're going to be talking a lot more about the fiscal cliff in the coming hour. three cnn i-reporters are going to be joining me to talk about their real concerns about this and we got some answers from our business expert from questions that were sent by you that you tweeted to us. that's going to be coming up in about 15 minutes. >>> bail was set for dallas cowboys josh brent, he's been charged with intoxication manslaughter for a crash on saturday that killed his teammate. police say brent was pulling jerry brown out of the car when they arrived. dallas coach jason garrett talked about his players just a few minutes ago. >> obviously this is a very difficult situation, a tragedy occurred to our football team. in the last couple of days. and we lost jerry brown, practiced roster player for us who we picked up earlier in the year. and it's been really emotion for everybody and as the head coach of the team, i have to talk to the team and i have to inform them what happened, give them the news and then try to offer some perspective. you know, i talked a lot got the value of
will get solved. >> so you come in here every day rightfully so very concerned about this fiscal cliff. and we just have 20 days left. no reason to believe this is going to happen today or tomorrow or the next day. wall street seems to have priced in a deal already. so what happens if it doesn't? >> huge selloff. and that is a big risk. if washington doesn't follow through with what the betting money thinks, that they'll be fighting over the top rate, that they will be lowering the tax rate -- do you remember the b k bailout and it didn't pass? all of a sudden it was down 700 points and suddenly washington passed the bank bailout. a lot of people are saying the worst case a their dwro is another thing like that. but the market thinks no one is stupid enough not to figure out how to overt the fiscal cliff. and they think that they're in the stupid enough to be able to push this over for a long term over the cliff. and that's what they're hoping here. >> it's a hedge. >> it is, but i think you're seeing signs of progress. and sometimes in the silence i think you're seeing the signs of p
that goes. you don't get it. all right, stocks closely watching the fiscal cliff talks. coming up, chief investment officer will tell us what will happen if there is a deal where if there is no deal. ashley: michael bloomberg crack a joke the only people buying egos. he could soon become one of those. as it everyday at this time, take a look at how oil is trading moving slightly lower even though the suggestion demand from china is off, oil down slightly by $0.10, 85.83 per barrel. tracy: it is time to make some money with charles payne. this hour he is looking at online networking site linked in. getting a little bounce, but has been on a tear. charles: this is a incredible stock. you put six flights out of business. i'm telling you right now. today part of the reason it is up, kind of odd, some sort of stock speculation mayor bloomberg may be interested in doing something, taking it over. even without that, this is a stock i like a lot. at least the third time this year my subscribers are in a stock. the latter earning report my two cents coby district by 100%, the stock finally looked
and the president can come together quickly and pass a bill that would put off the fiscal cliff, he there for some large amount of time or even indefinitely. it really is about making a down payment on closing deficits in the future. i would say it is also really about the president's campaign not this -- not just this past election but his first election to hike taxes on the successful. we have to see some real leadership on the longer-term budget unsustainable issues. what we do not need is negotiating in the political theater. when we see that stop, that we know we will be serious about whether we will resolve the fiscal class -- cliff and have some large down payment. when it comes to republicans and conservatives, there are three things to bearer in mind. one is the house republicans they were elected to cut spending and not raise taxes. that is one of the reasons it is hard to move toward. -- for word. there are a number of revenues that would be acceptable to conservatives. the first one is one that speaker boehner put out almost immediately after the election. that is revenues to a stronge
. >>> when we return, let me finish with the ghost of fiscal cliff yet to come. wait until you see this story. you're watching "hardball," the place for politics. [ woman ] ring. ring. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. >>> let me finish tonight with this. remember the ghost of christmas yet to come in "a christmas carol"? he's the scary one, the ghost who comes last. he shows ebenezer scrooge the end he's heading the for, that cold, lonely, miserable future to which his greed and selfish view of the world is taking him. in the next weeks, president obama has to be the ghost of christmas yet to come. he has to show the republicans how horrible it will be to be them if they don't change their path. he has to show them how disrupted and frightened the world will be, how bad they will look in that world beyond this december 31st if they hold true to a tight and jealous protection of wealth. the reason the p
teetering on the fiscal cliff has pushed moms to come to capitol hill. >> tons of working moms who are barely able to make it work. >> reporter: silver spring maryland mom clara pager with 10-month-old cassady and a teddy bear in walking the halls of congress, but the stuffed animal is not for her child but for lawmakers. >> the teddy bear for representative wolfe. >> it steams like it's the middle class family -- seems like it's the middle class families who the cuts get made on because they don't have a voice here to speak for them. >> reporter: page is part of an online grassroots organization called momsrising.org, their goal? improve public policy for working families handing out teddy bears to lawmakers telling them they're putting moms and families in an unbearable situation. moms are going door to door telling lawmakers and handing them a book of stories how they're struggling to make ends meet as is and how falling off the fiscal cliff will further hurt their families. >> things like child care cost more than college. we have a 1/4 families living in poverty and it's not
with a woman bound and gagged and sampras's coach street. >> talks continue as a lemon fiscal cliff approaches. we'll have details on the president's private meeting with house speaker john bay near coming up. >> clear conditions as you head out of the door, not really any fog to talk about. of the door expect 30's and 40's in mid to upper 60s later this afternoon. looking ahead we have some big changes to talk about in the form of wet weather. before we get their let's talk about conditions now. 39 in santa rosa up 39 out the door in fairfield. a look at your afternoon highs and walking through future cast four and my next report. >> a live look at traffic headed to san francisco. we hardly had a back up at the bay bridge toll plaza, now it is stretching almost towards the end of the parking lot thanks to three separate stalls. one of the incline one that the cancer we recession in one of the span. they're all out of the way but there is heavier traffic into san francisco. give yourself extra time as you head into san francisco. the bid is as the lights are still off. no major hot spots. majo
. number one, he was questioned persistently about the fiscal cliff and had to come out and say what he said before we don't have the tools to deal with it if we go over it. that was a approximate stocks started moving down and secondly, the 6.5% unemployment rate. that's got a lot of people talking down here that we may be closer to that than a lot of people think. >> bob, that's only because people are leaving the workforce. that's how we're going to get there. if everybody decides to stop looking for work and stay home and watch soap operas then we'd have an unemployment rate of zero. >> that could be a factor in their decision making, i'm sure it will be, but i'm using the numbers actually out there, 6.5%. that number may be hit a little bit sooner. >> he said he was not going to stick to that if people keep leaving the workforce. >> right, just a guidepost, not a hard target. >> stephanie or randy, you know, another market that moved today was gold. >> yeah. >> moved higher after the fed's announcement. there are those who feel as they keep the rates this low for the foreseeable fu
on the fiscal cliff coming up on the sunday round table in 20 minutes. next is paris from maryland on the independent line. caller: my question is, how money -- i think we need to go back to the basic for all americans to understand how money is made. how is it created. it is a clear understanding, that is the point. what organized people to come together to do something like school, police department, all of these types of things. how is it created? what is day one? as what i am looking at, what is day one? when civilization first expands, how money was created? host: the republican address came from marco rubio who has had a higher profile the last couple of months including his acceptance of the camp award in washington. here is more from the florida senator in the republican response. [video clip] >> americans of struggling to keep middle-class jobs for two reasons. we're not creating enough of these jobs and too many people did not have the skills for the jobs that are being created. a limited government can and help solve these challenges. we must get the national debt under
. details coming up in your seven- day forecast. >>> possible signs of movement today in the fiscal cliff debate. they met privately at the white house this afternoon. their first meeting since mid- november. and also today, talk of a compromise on a political talk show. he and other republican senators, they would consider raising the top tax rates for the wealthiest americans they believe that a compromise would be reached. >> i think we will get a deal. i think everyone realizes how important it is. our economy is moving up some. not fast enough, but just some. to be going over that cliff is just terrible. i think we will get an agreement. >> there is a growing group of folks looking at this, realizing we don't have a lot of cards as it relates to the tax issue. we have one house, that's it. i actually think that it has merit where you go in and give the president the 2% increase that he's talking about. the rate increase on the top two percent. >> just three weekremain on the countdown clock before 90% of the americans will go up as a series of the tax hikes and the spending cuts take
of congress as they try to come up with a deal to avoid the fiscal cliff. he said he and president obama talked and said it is clear that serious differences remain. republicans want tax cuts and reduced spending on programs. >>> they hopefully will remember this wedding anniversary date. 12/12/12. >> witness the marriage today. >> at courthouses al around the to get married. one couple came to the courthouse found all the bookings in city hall were taken. it is the same month, day and year are considered lucky. >>> today on channel news at five. this is a live look from chopper two. lots of officers. oakland police. told us this is a marijuana grow house. they found 700 plants in and cash. and reporter is just getting to the scene. what we learned about the bust and tied to the grow operation at five. thank you for trusting the news at ktvu. >-.y÷$@y+o3vhpe
the dreaded fiscal cliff? it comes down to tax rates. this is a huge sticking point in the stalled negotiations between the president and mr. boehner. obama says the top rate on household income above $250,000 should rise from 35% to 39.6%. boehner wants the rate to stay at 35% or even lower. but what about meeting in the middle? around 37%? listen carefully to the speaker when he was asked today whether that rate could be the answer to this impasse. >> there are a lot of things that are possible. to put the revenue the president seeks on the table. but none of it's going to be possible if the president insists on his position. insists on my way or the highway. >> you hear what he said. a lot of things are possible. that may not sound like much where you're from, but here in washington, it sounds suspiciously like code for, we're making progress. more evidence boehner's democratic counterpart house minority leader nancy pelosi also seems to be softening her language as we head into the weekend. listen. >> what we want to do is protect the middle class. so it's not about the rate. i
because in just a couple weeks the fiscal cliff is coming to town. merry cliffmas. if the parties here cannot agree to a budget deal by january 1st, automatic spending cuts will kick in and plunge america into a second recession. and things are not looking too good. >> democrats and republicans are blaming each other for the negotiations. >> who's going to blink first? >> who's going to blink first? >> the white house is daring republicans to blink. >> obama is daring republicans literally to blink. the joke's on him because i know some republicans who have had their eyelids surgically removed. >> also what caused former indiana senate candidate richard mourdock at first the likely winner in that race to end up losing to joe donnelly? you might well point to this moment from a mourdock/donnelly debate. >> i struggled with it myself for a long time but realized life is a gift from god. even when life begins in the horrible situation of rape it is something god intended to happen. >> mourdock's popularity plummeted after that. now he's trying to pay down campaign debt. guess who's gettin
-time payout of $192 million, because of higher taxes that could come as a result of the fiscal cliff. i'm ainsley earhardt. back to "on the record" with dana perino. than a dozen chrysr workers caught on-camera drinking, getting high on their lunch breaks, then returning to work on a jeep assembly line. you saw this video two years ago. eventually chrysler employees got the axe, but now they're back on the job. we broke the story originally. rob, how did they pull this one off? >> well, they went to arbitration. the arbitrator sided with the workers. so the uaw workers got their jobs back, as simple as that. >> but explain that to me, because most places, people watching across america tonight, would say, okay, if i showed up on the job, drunk or high, hung over, caught on my lunch break, doing something that might impair the people around me, or the actual work i'm doing, i would lose my job. so what do the unions have that others don't have that get them a second chance at a job like this? >> well, this is a situation where chrysler fired the workers. they were embarrassed by the vide
that in just a few short weeks, the fiscal cliff is coming to town ♪ merry cliffmas. and with a dramatic name like fiscal cliff, it's got to be exciting. jim? >> the president's asking for $1.6 trillion in revenue. >> $600 billion in tax hikes. >> entitlement reform. >> dividends and capital gains. >> discretionary spending. [ cheers and applause ] >> i'm up. what happened? is it over? [ bleep ] >>> good morning. it's wednesday, december 12th. look at that shot of new york city. >> wow. >> it's dark at 6:00 on the east coast. welcome to "morning joe." with us on set here in new york city, we have msnbc contributor, mike barnicle. >> in my ear, mika. >> no, he was at the white house. >> i don't understand. where's t.j.? >> he's off today. >> why's that? >> he was busy. he went to the white house. >> that's great. you know, alex went to the white house, too. >> and drove back himself. >> let me get this straight. so alex goes to the white house last night. >> mm-hmm. >> because, you know, right-wing bloggers, we actually -- that's how we get our talking points. they go down -- valerie and david
thing. >> dana: 4:45. >> eric: we haven't talked about in a long time, the fiscal cliff. the only way you really talk about the fiscal cliff, might be this way. >> ♪ fiscal cliff, you know the time has come ♪ ♪ ♪ ♪ and it won't be sparing anyone ♪ ♪ you'll see ♪ you'll see >> eric: you accept it for me on twitter. i love it. keep it coming. >> bob: who is that? >> eric: todd chappelle. >> dana: i have something also about the fiscal cliff. something you haven't heard about is rural america is under threat from a major raise in taxes. death and state taxes. throw up the map. senator from wyoming put this out. 526,421 family farms threatened by the new death tax. mostly because assets are tied up in land. you're land rich and cash poor. this hurts a lot of people. >> greg: this plays in the old phrase buying the farm. >> dana: it plays in something i want to tease for friday, which is i am -- i got to buy the farm. get it. think we haven't heard that. >> bob: promote something? >> dana: on friday, tomorrow i'm going to vegas and i'm going to the national rodeo -- the nat
should do about the fiscal cliff, coming up. speak of america's money crisis what, does this have to do with it? that former u.s. senator doing gangam style. he's trying to inspire you. >> i couldn't believe this. starbucks is now introducing i guess for the holidays a $450 gift card. [ cheering ] >> starbucks, $450 gift card, yeah. it's good for two small coffees and a josh groban cd. that's what it gets you the r. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. let's see if we can get the same item at walmart f less? okay. fijit friends. fifteen bucks on rollback. wow! that's a savings of over 29 bucks! twenty-nine bucks!!?? and they're powered by friendship. see for yourself if you could save on brands you want. walmart. >> you hear about this? mike tyson says in 1998 he found brad pitt in bed with his ex-wife, robin givens. of course, pitt has evidence to refute that. the fact that he still has b
that fiscal cliff, we just come off a week of press conferences, symbolic votes in senate, but less than an hour of serious negotiating. what will it take to break the stalemate? we'll get into that this morning, with two big roundtables of elected officials and experts. let's begin with the lawmakers. senator tom coburn for the republicans and debbie stabenow for the democrats. and congressman hensarlingg. the president said that for there to be a big deal, tax rates on the wealthy are going to have to go up. if that's his bottom line, can there be a deal? >> again, as the speaker has said, unfortunately what we see out of the president is my way or the highway. one dollar revenue for 2.5 of spending reductions. now, after the election, it's a little bit of bait and switch. now he's asking for $1.6 trillion. and if you look closely, for every one dollar of tax increase there's about 20 cents of spending reductions. >> i'm talking about the rates. if the rates go up, can the republicans in the house accept the tax increase? >> no rep wants to vote for a rate tax increase. what that's goi
speaker john boehner, says there has been little progress. >> when it comes to the fiscal cliff threatening our economy and threatening jobs, the white house has wasted another week. >> democrats show no signs of backing off from supporting the president's hard-line stance on raising the incomes tax rate for the rich. >> we democrats realize there have to about two sides to the bargain, but in 2011 we put both revenues and cuts on the table. >> but one republican senator revealed this week that tax increases might help solve america's debt crisis. so far the g.o.p. has stood imeps raising taxes. >> what we ought to be working on is the other 93%, because if you want to do what he wants on tax rates, you affect% of the deficit. we have spent ourselves into a hole and we're not going to raise taxes and borrow money and get out of it. so, will i accept a tax increase as a part of a deal to actually solve our problems? yes. ago am -- >> ama: the federal government is planning for the possibility of cuts. the white house ordered the military to plan on slashing 500 billion from the m
not really helped the employment side, but the fiscal cliff is doing obvious damage. that's going to make what everybody knows is coming. we ran out of two years to sell. they're going to go from a twist to outright purchases. it's fully built into the market, but it isn't going to help. the fiscal cliff is going to do more damage to the psyche of job creation than anything that ben bernanke can do. >> any expectations in terms of the jobs numbers? what do you look for? >> we're looking for better than expected. rit, the sandy effect will be there. you should see actually better job growth next year, and that also becomes that second catalyst into the marketplace that could put the s&p at an all-time high next year. >> what about the fiscal cliff though? if we take out the mortgage deduction, which is being hotly debated in terms of the exemptions and loopholes, does that stop this housing recovery in its tracks? >> if you pick a midpoint between 0% and 3.5% and call it a fiscal slope, 1.5% drag next year is equivalent to the drag we have this year from the overall private sector. without
is happening with the fiscal cliff. we will go to steven sloan from politico. word coming in that president obama and john boehner talked on the phone and later on wednesday. what have we learned if anything about that conversation? caller: very little has leaked out on the conversation. we're not sure how long it lasted. it is a sign that maybe even incremental progress has been made this week. host: can we glean anything from who called who identify this phone conversation? when the last time they talk before wednesday afternoon was? host: it has been about one week since they talked. we do not even know, as far as i know, who called the. they really have given us the details on the call. host: we are talking to steven sloan. what is the latest on the two sites? who seems more willing to compromise at this point? caller: we are still a in this game of chicken. both sides have made their offers. neither side appears at the moment close to making new offers or backpedaling on the offers may have made it. we still are in is still made mode right now. we will have to see whether that changes
bears his name. >> we have the fiscal cliff coming up in a few weeks. the dow is up at 13,094. we're watching apple shares because they became lord a gang. they dropped 15% in the last three months. apple shares have been trading under 600. we will be right back. line welcome back it is 7:40 a.m. periods >> with the holiday in full swing, here are some great ways to get the entire family out and into the holiday spirit in today's bay area arts and entertainment report. >> san francisco ballots sparkling production of the nutcracker is set in our own city by the bay, introducing audiences of all ages to the wonderful world of ballet. this holiday season, experienced the beauty of s f bellay's international cast of world class dancers in the nutcracker, a san francisco tradition since 1944. >> the san francisco ballet is a nutcracker starts this weekend ann plays through december 28th at the war memorial opera house on van ness ave. tickets start as low as $20 for some shows. others at $35. >> lights! camera! action! if this is your casting call for the 2012 dance along nutcracker g
, sequestration or the fiscal cliff. coming back to the fiscal cliff, let's take up one of the very big programs and i'm not talking about the department of defense, which is one of the major expenditure items but that's not the subject for tonight. tonight, the subject is medicare and medicaid. the medicare program is a big one and it certainly is a program that's expensive and is a program that has grown on the average faster than inflation. but in the last two years, that's not the case. and we'll discuss that in more detail later. in fact, medicare has fallen below the general rate of health care inflation. let's talk about what we can do about medicare instead of saying what we ought not do, we are going to start this discussion talking about what we can do and the president has put out several ideas that deserve the attention of the 435 members of this house and the 100 senators. because there are things that really can be done immediately to significantly reduce the cost of medicare. just in listening to my colleagues here on the floor discuss the departure of some extraordinary members f
. and the day is only half way over. well tell you what they said about the fiscal cliff and innovation coming up after the break. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. [ male announcer ] when it comes to the financial obstacles military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or visit us online. we're ready to help. [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections o
family about the fiscal cliff and how it would affect them. we'll have that coming up in a half-hour. back to you, mike, andrea. >> thanks, delia live on capitol hill this morning. >>> today residents in one northeast d.c. neighborhood are getting some welcome news from mayor vincent gray. the mayor will announce the first phase of a massive tunnel infrastructure project in the bloomingdale community. the area has seen repeated street flooding. we've reported many times when heavy storms come in. the northeast neighborhood boundary protection project is the brian child of -- brainchild of vincent gray. >>> there is an easy way to pick up some extra items for kids. details on the letters to santa program coming up. >>> it's december 7. here's who's celebrating a birth daig today. she plays the cooking mom in last month's political series ellen burstyn is 80. carol simpson is 72. johnny bench is 65. maine senator susan collins is 60 today. larry bird is 56. his former teams include the cowboys and the eagles, terrell owens is 39 today. if it's your birthday, have a great day. we'l
the fiscal cliff deal has come to? why 81-year-old former senator alan simpson is going gangnam style to get everyone's attention on debt. >> it has officially jumped the shark. >>> alan st. pierre is the executive director for the national,or for the reform of marijuana laws. oregon senator jeff merkley, heidi ewing, and rachel grady will be joining us. steve satich, ohio congressman, steve latourette, and ambassador nick burns are our guests this morning. it's thursday, december 6th, and "starting point" begins right now. >>> welcome, everybody. our starting point this morning, some major developments to tell you about in egypt, after angry protests against political moves by the president, mohamed morsi, have turned deadly. tanks, armored personnel vehicles, all stationed outside the presidential analysis cairo. not only are they guarding the palace, they're also keeping apart supporters and opponents of morsi. hundreds of his islamist supporters already taking to the streets in cairo this morning. opponents are gathering not very far away. last night the two sides clashed right outside t
the fiscal cliff, i will come after you with both barrels. if you vote tax increase. what's more -- do they want to rise above a tax increase? no. do they want to rise above fiscal cliff? no. what they want it do is not rise above the radar screen of raising taxes. and grover is more powerful than a recession. i asked him point-blank on "meet the press," college chum, look, it doesn't have to be a recession. we cut the entitlements. what are the entitlements that need cutting. and let's get medicare part b off there. what is your plan? no one is speaking about the specifics. because it's third rail. it's just plain third rail. >> medicare is the key, no doubt about it. the rising medical costs and percentage of the budget that that will continue to take up. it is the key area, when you're looking at spending cuts. >> right. and there's $4 trillion added on during the republican period. much of it for the global war on terror. no one wants to touch -- do people roll back on what you spend on global war on terror? we've got defense cuts, about there's $4 trillion, documented numbers spen
with the ghost of fiscal cliff yet to come. wait until you see this story. you're watching "hardball," the place for politics. in those mini-wheats® biscuits... to help keep you full... ♪ 45 bushels of wheat on the farm. 45 bushels of wheat! ♪ ...all morning long. there's a big breakfast... [ mini ] yeehaw! ...in those fun little biscuits. military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or visit us online. we're ready to help. i love the fact that quicken loans provides va loans. quicken loans understood the details and guided me through every step of the process. i know wherever the military sends me, i can depend on quicken loans. a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through
the fiscal cliff. dave: an exciting our coming up. we will tell you what drove the markets today with today's data download. of next week on wall street following better than expected november jobs report. the dow and s&p ending prior to eke out weekly gains, the nasdaq closed in the red ending down 1% a lot of that because of what happened to apple. financial and industrial for this week's top performing sectors while materials and technology lad a bit. the u.s. economy added 146,000 jobs in november as the unemployment rate dropped to four year low of 7.7%. today's report may not be as strong as it seemed, reporting employers added 49,000 fewer jobs in september and october than initially estimated. a preliminary reading showing consumer confidence plunging to its lowest level in four months. early december americans prepare for a potentially higher taxes at the beginning of next year. the index dropping 74.5 this month, far below november's reading of 82.7 and economists forecasts of 82.4. >> in the pits of the cme, michael tells us why dividend paying stocks are taught play regardless o
there's extreme worry about the fiscal cliff. i'm peggy fox. coming up what county leaders are doing to try to stop it. >> reporter: i'm kristin fisher in a maintenance yard for the national park service where a group of 5th graders are learning everything that goes into planning for a presidential inauguration. do they have what it takes? find out coming up. >> and you know, redskins fans are not the only ones in love with rg3. his opponents are in awe, as they should be. we'll hear what ravens head coach john harbaugh is afraid of. wo up with ts horrle sh on right sid iense burni sensaon sd, you hadhickenxe, en yosa, yes, i d.irl. d't think ybody er thinks th're goi get shings. but itappeneto me. r re of the side sry, visit shinesinfoom >>> this sunday will mark the first time in four years the redskins and ravens face off in the regular season. this time there's a whole lot on the line. baltimore is just one win from clinching a playoffs spot while rg3 has the redskins back in the hunt for the postseason. recently i sat down with ravens head coach john harbaugh and the burgund
. >> this is in the progress report because there is no progress to report. when it comes the fiscal cliff that is turning our economy and jobs, the white hhuse is wasted another week. gerri: what do you say? we wasted another week. we seem to be getting nowhere, and now folks are saying the president is trying to entice us of the fiscal cliff. >> look, i think they're actually some pretty strong incentives for the president to take the country over the fiscal cliff. if you look at what the president's stance to gai if the country goes over the fiscal cliff, there are very clear and identifiable things. on the one hand he president could identify himself as a tax cutter. he could say -- on january 1st the president in terms of the country and say, now in favor of cutting these taxes that have been raised because we did not solve this before ththe fiscal cliff. he can turn and say to my want to restore some of this funding that my secretary of defense and joint chiefs of staff told me i need to restore and can position himself as st of the protector of u.s. national security. so tre are some clear incentives t
to the united states, bill richardson. so that interview coming up later. >>> as fiscal cliff talks here in washington are showing little movement towards a deal, there's now a new report that president obama may be willing to put raising the eligibility age for medicare on the table. is that true? we will discuss more this more in our strategy. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. welcome to chevy's year-end event. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. get the best offer of the year -- 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. hurry. bonus cash ends january 2nd. humans -- sometimes life trips us up
're talking about the fiscal cliff. well, the fiscal cliff has many components. it may be broken into many different bills that come before this body. would end to get rid of the motion to proceed so we can get those bills to the floor so we can debate them. we need to make sure that if a group say, let's block in bill from the final vote, that think express their views accountably before the public. it's the least that should happen. so the senate is headed out for the weekend. we'll be back next week, and i ask for the american public to weigh in, to think about the fact that this hidden process is hurting our ability to address the biggest issues in america. i ask my colleagues to wrestle with that. and, mr. president, it is my hope that folks will hold those conversations with the public back home. i have done so in every county of my state, through my town halls. i hold one in every county every year. i have raised this issue of whether or not when folks vote for debate they should be required to debate, they should be required to make their case, not to kill bills in the dark of nigh
going over the fiscal cliff and something technical comes out in the unemployment rate drops for some reason. ashley: let's hear from the man himself, mr. bernanke. >> good afternoon. it has been about three and a half years since the economic recovery began. the economy continues to expand at a moderate pace. unfortunately however unemployment remains high. about 5 million people, more than 40% of the unemployed have been without a job for six months or more. millions more who say they would like full-time work an have only found part-time employment or stop looking entirely. the conditions in the job market now show waste of human and economic potential. return to broad-based prosperity will require sustained improvement in the job market which in turn requires stronger economic growth. meanwhile apart from some temporary fluctuations largely reflected swings in energy prices, it is likely to run at or below the federal market committee's 2% objective in coming quarters over the longer term. against a macroeconomic backdrop includes high unemployment and subdued inflation, the fomc
like a campaign rally. he's out there campaigning now for his position on the fiscal cliff and also campaigning against the anti-union vote that's coming up tomorrow in michigan. >> he certainly owes organized labor. and obviously if you're a democratic president and there's a ballot like this, certainly hard to see why you would stay away, especially in a state like michigan. but i think what we are seeing is the president applying pressure to the republicans and looking for wedges. one of the wedges we're going to see is the republicans who feel more strongly about the income tax versus republicans who feel more strongly about the capital gains tax. the president may offer different kind of concession, to those two groups. >> the criticism he's getting is instead of going out there and ka paining in michigan and elsewhere, bring these republicans over to the white house, get in a room, work out this deal this week as opposed to next week and resolve it so the country doesn't go over the fiscal cliff. >> where's congress right now? they're home. where's congress most of the time? a
happens with the fiscal cliff. that is coming. what it will cost you. bill: hello, old man winter. he is out there and he is acoming. a major blizzard raging across the midwest bringing record levels of snow. it is de10th, right? martha: it is time. bill: so who is next? ♪ . martha: old man winter, a major storm is pounding parts of the upper midwest, unleashing record levels of snowfall. that's a lot out there. high winds, frigid air. minnesota of course very used to this kind of weather this time of year but even this is really out of the ordinary. reporter tom halden with our minneapolis affiliate ksft. he is driving, i don't know if i recommend that. there he is. he is out of the car. how bad is it out there? >> reporter: well, martha, it is really cold. we have been driving around the twin city roads this morning. we've been streaming and thought, you know what? it is 12 degrees. we have a full foot of snow on the ground. the kids are out of school, a lot of them, why not hop out of the car and let you guys know that winter finally arrived here. you know what? this is normal ki
inspire to you get fit? probably not. when we come back. ,,,,,,,,,,,,,,,, left the "fiscal cliff" tals all but frozen. so far - no een >>> tensions over tax hikes and spending cuts have left the "fiscal cliff" talks all but frozen. so far no face-to-face meetings have been scheduled between the democrats and republicans. cbs reporter danielle nottingham with the president's push now to sell his plan to american businesses. >> reporter: president obama asked business leaders this morning to support his plan to prevent a fiscal crisis. >> let's allow higher rights to go up for the top 2%, that includes all of you, yes, but not in any way that's going to affect your spending, your lifestyles. >> reporter: if no deal is reached between democrats and republicans before the end of the year, taxes will go up for everyone and automatic spending cuts will kick in. the president wants bush-era tax breaks to expire for households making $250,000 or more. republicans are adamantly opposed to that. >> closing loopholes, especially on those who are wealthy, is a better way to raise this revenue than rai
should be done that should cost us more jobs. can you fix the fiscal cliff and send the economy downward. >> the fiscal cliff, isn't it having real impact in the economy now? >> it's having real impact and name pact will growth longer we take to come to a deal, some deal, any deal. what everybody wants, individuals who are going to be paid in january, they don't know how much and businesses, so what's the deal? what are -- what do we have to plan on? >> the best down payment would be to continue tax rates at the middle class for the rates they are, the best down payment. that's the best easy first step and i hope congress will realize take a step and take it now and give the president something he can sign. >> that has to be the last word. thanks, guys. >>> from the downward slope of the cliff to the upward climb on jobs, a big surprise in the november jobs numbers. it's a step in the right direction, but ali velshi will join me with a look at why we need to do much more. americans believe they should be in charge of their own future. how they'll live tomorrow. for more than 116 years, a
scott is an upand coming star . jimdemint's personal pick. >> steve: jay carny. the fiscal cliff thing. the average person really has no idea what that stands for. if you watch that. >> brian: you much the package. >> steve: no idea. something we learned about in school . i forgot about it. jay carny revealed yesterday. gretchen just said it is not a tax problem it is the way they waste our money. jay carny said deficit reduction is not the goal. are you kidding? here he is. >> deficit reduction is not the goal here. the reason to get our fiscal house in order and the reason to pass a deficit reduction package that is balanced and allows for economic growth is to put our economy on a sustainable fiscal path which again, in itself produces positive economic benefits and revenues are part of it this. the president put forth and entitlement reforms and savings gleaned from our health care entitlement programs need to be a part of it. the president has been specific about that. >> brian: he's talking about generalitiys about unnamed cuts. jay carny goes on to admit if the president's propo
to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> we've had time. the president has given the republicans flexibility to come up with a credible, specific plan. what they offered in return was an empty letter lacking in specifics. >> meanwhile, vice president biden is having lunch with several middle class americans who would see their income taxes go up if the tax cuts are not extended. all of this comes as the first jobs report since the election exceeded expectations. the u.s. economy added some 146,000 jobs last month. that was enough it to drive the unemployment rate down to 7.7%. joining me to talk about all of it, florida congresswoman debbie wasserman schultz and she chairs the democratic national committee. good friday afternoon to you. >> thank you. >> john boehner said today that democrats' plan is to, quote, slow walk our economy to the edge of the fiscal cliff. how do you respond it to that? >> well, that's just utterly preposterous. the republicans right now in the house of representatives have a bill that would ext
it comes to the fiscal cliff. but tim geithner just told cnbc that we're going to go over the cliff unless tax rates go up. at the same time, two dozen republican house members signed a bipartisan letter with democrats defecting from the boehner plan. in the meantime, a nice game for the day for the dow, but a stunning selloff for apple. do you know what? fiscal cliff or not, the s&p 500 is up 12% year to date. that is a handsome gain for investors, an optimistic year, believe it or not. and we already bailed out detroit's auto industry. but now, at least one motown politician is telling president obama he should bail out detroit bankrupt city government, too. this sure isn't the free market, and i asked why should a texas taxpayer bail out detroit? >>> breaking news from syria, and it is a blockbuster. the assad regime is walking and loading its chemical weapons, ready to use them on its own people. nbc's chief pentagon correspondent joins us now. jim, is this the red line president obama was warning about? >> well, not quite yet. u.s. officials tell us that the syrian military is poised
and the president come to an agreement on a verdict in this so-called fiscal cliff. we know some of you don't want to deal, but the president has no public events today and not many planned for this week. many at the white house and congress believe the less that anyonecome pains publicly the better the chances are at striking some sort of fragile deal. the president was back on the road monday trying to wheel a little bit of his political capital to drive home the deal that he wants at a minimum on the fiscal cliff. >> typical middle class family of four will see an income tax hike of around $2,200 how many of you can afford to pay another $ $2,200 in taxes? not you? i didn't think so. we can solve this problem. congress needs to sign a law that would prevent a tax hike on the first $250,000 of everybody's income. everybody. >> but the president was noticeably less confrontational towards republicans. >>> i understand people have a lot of different views. i'm willing to compromise a little bit. >> can't help but wonder if that softer tone is all about the fact that it came a day after he sat down
: a lot of the leadership and the players in these fiscal cliff discussions coming to the microphones moments ago. here is eric cantor, here is what he said. >> we have not had any discussion and any specific w-s thispecifics with this president about the real problem which is spending. we have got to do something about the spending. an obsession to raise taxes is not going to solve the problem. what will solve the problem is doing something about the entitlements, taking on the wasteful spending in washington. we can't just keep borrowing money and raising taxes and roblem to go away. that is our point to the president. as the speaker said, we want to sit down with the president waoerbgs wan, we want to talk spefrs. w specifics. we put an offer on the table. he out of hand rejected that. where are the specifics, and the discussions, nothing is going on. meanwhile people of this country are the ones who suffer. we ask the president, be specific about the spending, so we can address the wasteful spending in washington and address the problem. martha: eric cantor and john boehner saying
lawmakers come to an agreement or not on the fiscal cliff. meeting expectations -- median expectations would be 85,000 jobs. over at macy's, we know there are a top -- are a lot of temporary workers. they will be burning the midnight oil. stores will stay open for 48 hours straight between december 24 -- december 23, and december 24. good news if you like your morning orange juice. we could see an easing of prices trickled down to consumers. the current crop could be bigger than the government is currently expecting. netflix ceo under pressure on the sec. a study showing that gays earn more and owe less. >> we will check back in with you soon. thank you so much for that. 4:30 it is your time. >> still to come and good morning washington, growing concerns over the crisis in syria. >> looking a lot more like christmas outside the white house. the first family of flipped the switch on the national christmas tree. it is the first year for this particular 30-foot tree. that is carrying on a 90 year tradition. >> very pretty. >> it was a little cold out. it is 4:41 right now. >> things are not too
to report. when it comes to the fiscal cliff that is threatening our economy and threatening jobs, the white house has wasted another week. >> the house speaker had nothing of substance to say about this week's phone conversation with the president. >> the phone call was pleasant, but was just more of the same. the conversations that the staff had yesterday, just more of the same. it's time for the president if he's serious to come back to us with a counteroffer. >> boehner says the president is not being a helpful negotiator, even though the president apparently designed the negotiating sessions at boehner's request. according to "the new york times," boehner insisted the talks include only himself and the president of the united states. boehner wanted senate democrats and nancy pelosi out of the discussions. democratic senator dick durbin told the times this is now the speaker and the president working this through. democratic leaders say they are satisfied with the briefings that they continue to receive. nancy pelosi seems perfectly happy putting pressure on the republicans. >> why are w
at an opportune time because of the fiscal cliff, both the talks and the fact that we're short on money but traditionally what this pountry has done was treat a from the storm ravaged statts believv the obama pdministration will propose roughly 50 billion ddllars in reliif... far hort of whatt (reporter: "is here that kind of money lying around?") of money lying around. it's &psuch a complex time ight now ww're deeling witt a host of fiscal issues, we're tryyng to preveet our country from going off the fiscal cliff." senator republican colleaaues would &plike to seeebudget cuts....or the massive storm clean-up. preporter: "without offsets ii it going to have trouble getting ppssed do you think in this current climate?") "i think it might, i think it might,,you can't predict that." the uncertain fate of thh relief money comes little more thhn a month afterrthat jaw-dropping pre-ellction image of christie and the president... shoulder to shoulder... a time when r. victims... quickly. "i wann you to cut ttrough red tape. i want you to ut through bureaucracy. here's no excuse for inac
cliff from a local congressman coming up. >> > >> >> pelley: finally tonight, dave brubeck was a jazz pioneer who kept his own kind of time. as a pianist and compose ever, he challenged the standard musical cadence with exotic rhythms and styles. brubeck, who would have turned 92 tomorrow, died today. anthony mason takes time out to remember his work. >> reporter: dave brubeck's music was a defining sound of jazz clubs in the '50s and '60s. a "time" magazine cover story in 1954 described him as a wigging cat with a far out wail. >> are there any rules for improvisation? >> you bet your life there are and the rules in jazz would just scare you to death. >> reporter: the son of a california cattle rancher and classically trained pianist, brubeck had a natural ear for melodies. at home in connecticut in 1961 he told walter cronkite -- >> it's like a baseball player or any athlete. he's only good when he instinctively does the right thing. the dave brubeck quartet's signature tune "tyke five" appeared on their landmark album "time out." released in 1959, it was the first jazz album to sel
fiscal cliff. i want to come out and say this and help the president get this? >> i use the word patriotism. when i was a kid i grew up in two u.s. internment camps. in the swamps of arkansas. we lived in california. >> you were hauled out there. >> to arkansas and later transferred to another one in northern california. but we were there because we happened to look like the people that bombed pearl harbor. a year into it the government realized there was a wartime manpower shortage. and when the military was opened up. thousands of young japanese americans went to fight for this country. they were put into a segregated unit and fought on the bloody battlefields in europe. and came back the most decorated and exercised something that was very important. they did it for their family certainly, but for the greater good because they loved america. they sacrificed themselves and many many perished on those fields and that is the kind of situation we are faced with now and those republicans can't seem to get it. they are so bull headedly when theed to their philosophy. we need to rais
of compromise, if the so-called fiscal cliff talks do not come to a conclusion, it's implemented, have you looked at how you have to compromise the university of pennsylvania? how it would affect the university of pennsylvania? >> yeah. if we were to go over the miscall cliff, and more so if there isn't compromise that really establishes the american financial system on solid grounding, then there will be many ways in which we, as a university, and every university in the country will be compromised in the sense of compromising our quality. we will be -- we depend upon the funding of biomedical research to spur innovation in the country. that will dry up. we are committed to making penn affordable for the undergraduates which costs $181 million a year. that's twice the amount it costs us eight years august because we ramped up financial aid, and the more unemployment terrorist in the country, the more we spend on financial aid, and it would be a tragedy if the country moved in a direction to make education less affordable so, we, as a university, are very dependent and very concerned about
dollars surplus. maybe congressional republicans dealing with the fiscal cliff should take note. coming to us from sacramento is the former california state treasurer that lead the commission that was tasked with figuring out the financial meltdown. welcome inside "the war room." >> good to be with you. >> jennifer: all right. what do you credit the expected surplus to? growing economy? prop 30? what is it? >> the economy is beginning to inch back in california but prop 30 obviously had a huge impact. what has been happening in california now for many years is the tide has turned away from the jarvis stage. local tax and bond measures have been passing all over the state where local leaders have had the courage to go to their residents and make the case for better schools, transportation and public safety. 70% of the school bond measures which are increases in local property taxes passed. 80% in 2012. this has been going on for more than a decade and part of the reason i think we haven't seen it at the state or national level, is leaders had been timid to make the as
the fiscal cliff. >> back and forth of offers. it's pretty clear the republicans aren't going to come to the table with anything reasonable. i'll be the one to say it, i know it will be disastrous and doom our economy for years to come, let's go over the [ bleep ] cliff. fine. just leave the negotiating tables and send us over the cliff. you know why? at least for a few seconds, it will feel like we're flying. >> all right. that's going to wrap things up for me today. thanks for your time. see you back here tomorrow at 11:00 eastern. joining me republican congresswoman diane black, atlanta mayor reid and on the power panel "time" magazine's karen tum multi. karen finney and republican strategist robert trainham. "now" with alex wagner is coming up. >> we have a spicy enchilada today. lawmakers are channeling their inner publicists in the fiscal cliff negotiations. that pr aside, are we any closer to common ground? and it if all this sounds familiar, it is. we will talk deal making and deja vu with ben jaman wallace walls, and the ranking member of the house budget committee congressma
. there is no progress to report. when it comes to the fiscal cliff that is threatening our economy and threatening jobs, the white house has wasted another week. 8 days ago, secretary geithner came here to offer a plan that had twice the tax hikes that the president campaigned on. it had more stimulus spending than it had in cuts and an infinite increase in the death lemmas like forever. four days ago we offered a serious proposal. since then, there has been no counteroffer from the white house. instead, reports indicate the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. instead of reforming the tax code and cutting spending, the president wants to raise tax rates. even if the president thought the tax rate hikes he wanted, we would continue to see trillion dollar deficits for as far as the eye can see. washington has a spending problem, not a revenue problem. the president does not agree with our proposal. i believe he has an obligation to families and small businesses to offer a plan of his own, and plan that can pass both chambers of the c
to the fiscal cliff, to the longer we delay a deal or can't do a deal at all, it's worse for all the shareholders and the investors and the stock market. yes, a deal that does nothing, it simply keeps taxes where they are right now and doesn't cut entitlements, that's what everybody wants. does matter, believe he, i mean what's going to happen if we do nothing except keep things exacthe they are now, and just vote to undo the cliff. they'll downgrade the u.s. debt. but that's it. by the way, we have already proven through nine ways of sunday that -- when our credit rating got downgraded last summer. well, bonds went up in price and down in-year-old. -- in yield. so why not do nothing? why doesn't the president say we're just going to keep bonds the way they are. and we're not going to cut entitlements because we know if we don't cut taxes, the republicans will go along with their no tax pledge and the markets will go higher and no one will care, for now. but he told us that's not going to happen, and he got re-elected. what does it matter? it doesn't raise a lot of money. why did
. >> reporter: anticipating the fiscal cliff and massive layoffs that could come with it, democrats called on lawmakers to continue an extension to jobless benefits expiring this year. >> now they're at risk of losing their last lifeline. >> reporter: 25 days left, no deal yet. republicans are worried they may be losing ground on the tax hike debate. and a new poll shows the majority of voters trust the president and democrats on the issue. reporting live on capitol hill, danielle lee, news4. >>> polls show many americans want hillary clinton to run for president in 2016, but that doesn't seem to be on top of her to-do list as she steps down as secretary of state. mrs. clinton is in dublin ireland, today on one of one of her last foreign trips. she admitted she's looking forward to the quiet life. >> i'm, frankly, looking forward to returning to living a life that enjoys a lot of simple pleasures, and gives me time for family and friends and other pursuits. >> mrs. clinton was also asked if president clinton will become the new ambassador to ireland. she said her husband will continue the
to hang out. >> fedex is reporting record holiday package shipments. with the fiscal cliff looming, do you think that will carry their shares into the next point? >> we were going back and forth after a very frustrating day where dollar general blew up. how come fedex acts badly? maybe that wasn't such a good day yesterday for federal express and for urgent mail. but we are holding onto it for now. every stock has been tipping itself lately. you know, i like companies so much more than congressmen. it is going to be very hard for democrats and republicans to compromise. i cannot blame people for being cautious. i did get a lot of good vibes about no legislation and you know what, i learned that i think ceos are better. "mad money" will be right back. coming up, mission critical. washington holds the market hostage. cramer is turning to north dakota for the latest. holiday hustle. while registers are ringing, others are left out in the cold. tonight, an exclusive look at luxury with the ceo of saks fifth avenue. but investors cooled on the stock and sent its shares into the fryer, is this a
sands corporation ahead of any tax increases that come could come out of the fiscal cliff negotiations. >>> and finally, politico reports ashley judd is seriously considering a run for mitch mcconnell's senate seat in kentucky. judd has talked with new york senator gillibrand and a democrat being pollster. judd is honored at being considered. and that's your morning dish of scrambled politics. now a check of your national weather. we turn to bill karins. he has the weather channel forecast for you. which continues to be a little toasty. >> a little balmy. >> put the sunscreen on. nice. >> you probably needed it in some spots. so many stories of flowers and trees and green glass and lack of snow out there. but things have changed. this map shows you where it's gotten colder and warmer compared to this time yesterday. and you notice that chicago is much colder right now. you've returned back to normal winter conditions, while the eastern seaboard is even warmer this morning than it was yesterday. yesterday it was very warm. we are watching a few showers out there, too, but these temperat
.s. recession. that has come up. in part because of the fiscal cliff concerns. it was 19% back in march. a high of 36%. so we're halfway between the low and the high pretty much. this is a 13-month high for the probability of recession. now we want to show you what people are saying about the fiscal cliff, allowing the economy to go over the cliff would be extremely reckless, says donnelly. they're going out to try to help the unemployment rate. wall street doesn't believe it's going to happen. they do believe it will help lower mortgage rates and the unemployment rate and not a lot of help expected for the stock market. melissa? >> steve, thanks for that. that's interesting stuff there. >> nothing like getting your blood pressure up. liesman testing you live on tv. >> what do you think? wrong, wrong. brought back bad memories, huh, carl? 2013 housing market outlook this morning, according to the report there will be an increase in new residential construction activity, and also recovery in home repair and remodel spending next year. robert, some of the stats are staggering. it's not just an in
the fiscal cliff when nothing we're doing is coming close to deal with these issues. melissa: we talk about how hard it is to simplify the tax code. our guest before you guys said the same thing. it could be really simple. we could put out three rates for people with absolutely no deductions exceptions. if you're in this group you pay 35% or whatever. make up your number. >> right. melissa: if you're in this group pay 30, and this group pay 25. no exceptions, no deductions that would be one page tax code. whats wro with that, michael. >> because we live in a complex country with complex countr you don't want people, somebody with $50,000 of emergency medicalxpenses exactly the same as somebody who doesn't have those things? you want to tree somebody, the fact of the matter is you want to lance between simplicity and targeting. you want to balance between fairness and revenue. you need to make these - melissa: who dids decides what is fair? get out there and we pick nners and losers we say who's problem is worth taxpayer dollars and who's problem is not the government's problem. and that's h
. investors waiting to see what comes out of the fiscal cliff negotiations and in europe, a choppy start to the trading day. investors are waiting for the results of greece's bond buyback program occurs. joe has some of the big corporate news and this one is actually a global corporate story. >> hsbc. we're talking about paying $1.9 billion in the money lawnering lapses. a brirchb lender admitting to a breakdown of controls, in a statement announcing a deferred payment. yesterday standard chartered agreed to pay $27 million agreeing that it violates sanctions against iran and two other international companies. >> if you're an international bank and you prael without getting into this kind of trouble? >> no. >> can you actually operate without money laundering? >> i'm just saying, if you're going to be in business in all these types of markets, isn't this going to happen? >> aren't there sxwier countries that would be probably -- that it would stead if you don't want any business tale. >> was there a fascination in this country about whether you want to indict the whole institution or wha
, he was putting pressure on lawmakers to come to an agreement to avoid the fiscal cliff. it was yet another white house effort to rally support around its approach to the fiscal cliff. joe biden sitting down with seven middle class americans worried about their taxes going up. >> these are hard working, serious americans who are playing by the rules, doing it all right, and struggling already in this economy. >> reporter: jobs numbers, proof the administration says that the president's economic policies are paying off. >> you see it in the retail industry, you see it in transportation. you see it in health care. and you see it in other sectors. you do see a continued movement that continues to show some positive growth. >> reporter: while cautioning the nation's economy is far from a full recovery, administration officials emphasize positive growth, suggesting it puts them in a stronger negotiating position with republicans. one senior administration official told cnn, quote, we shouldn't muck it up by raising taxes on the middle class or playing chicken with the debt ceiling. but o
cliff is looming. if lawmakers don't come up with a deal, our taxes will go up and dramatic spending cuts will affect agencies across the board, and that includes the food and drug administration. emily schmidt explains what it could all mean for your food. >> susan, the federal government says americans spend about a trillion dollars a year on food. there are two agencies responsible for food safety. the job is the same with less funding to make it happen. >> preparing for the holidays in the bennett's house, is a reminder of something else, a fiscal cliff deadline that's personal here. >> i can't imagine funding being cut at this point, it will be tragic. >> chloe was in the hospital from two weeks, luke for three. >> contaminated food sickens about 48 million people a year. so the fda foot safety and administration service -- the budget cut translates to a combined $157 million. there's no word exactly what cuts would mean to expecter staffing. >> they're already stretched then when it comes to the inspection activities, they really need increased resources, and not fewers. >> age
leaders that if they use the fiscal cliff to wage a deal they have another thing coming. >> it is a bad strategy for america and it is not a gamely play. >> the stalemate comes as both parties remain at odds on whether to raise taxes on the welty and how deep to cut entitlement programs like social security and medicare. >> just because we're at a stalemate doesn't mean we won't get to a deal. >> they explain that grand standing is part of the play book. >> they will use every day between christmas and new years to push back and forth to have each side air their grievances. >> lawmakers left town for a long weekend. except -- >>i will be here and will be available to sit down with the president. >> the white house did not say when the president will sit down with speaker boehner but we know that the president will hit the road to make his case on the fiscal cliff in detroit. >> the sheriff's office is trying to figure out what caused a vehicle to veer you have a the road and down an embankment. we were above the scene along winters run road just along singers run road. they had to free
't come at an opportune time of the fiscal cliff, both the talks and the fact we're short on money. will it hurt his party or not? roland martin joins me. good to see both of you. ryan, you spoke very early on about how well you thought chris christie handled this sform politically and ever other way, but now he asks for fungd as republicans try to cut spending. is he hurting his own party? >> whether you're a republican or democratic governor you want to secure money from federal taxpayers. that's a classic move. it sure is. is it undermining republicans in congress? it probably is, but frankly chris christie is looking out for his own political future and it's his only option. new jersey is in a very tight fiscal situation because they have a balanced budget requirement. they can't run deficits the way the federal government can, and this has a huge impact on the state economy. frankly, i think you see more situations in which republican governors are going to be pitted against the republicans in congress because those governors, for example, they want that medicaid money to keep
and in the fiscal cliff when it comes to that. ashley: certainly will. milton ms. rought at this, thanks for being with us for your perspective on the market when we see what happens in washington. thanks so much. >> thank you. tracy: he is oozing confidence in washington, isn't he? ashley: yes. dripping with sarcasm i think is more --. tracy: sham else about. i love that word. it's a shambles. there is so much more ahead this hour including a biotech ceo what is hurting innovation in the sector. you guessed it, obamacare. a corda's ron cohen is here. ashley: apple making lots of news with its stock swings. reports it is shifting production away from china back to the u.s. as we do this time every day, look how oil is trading. down nearly 2%. bun a buck 73 at 86.15 a barrel. we'd be right back there is no mass-produced human. every human being is unique. and there is one store tha. the sleep nuer store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclusive collection of innovations that totally individualize your sleep. perfectly comfortable
can't see the light when it comes to the fiscal cliff. 28 days to go. what will it take to get a deal? >>> plus, the stern warning for syria from nato. the use of chemical weapons will bring an immediate reaction from the international community. we ask our panel if the united states will go to war. >>> and a new hollywood movie about the hunt for osama bin laden sparks oscar buzz and outrage. questions over just how much confidential information the film makers had access to. an "outfront" investigation. let's go "outfront." ♪ >>> good evening, everyone, i'm erin burnett. "outfront" tonight, let there be light. finally, some bulbs turned on in washington this evening. well, on the congressional christmas tree, that is. pretty beautiful. lights, love, camaraderie, song. but while our lawmakers took some time to celebrate together, they still weren't showing any spark when it came to negotiating a deal to avoid the fiscal cliff, which is the christmas present the country needs. today we heard president obama's response to the proposal that house speaker john boehner put on the table
to believe i'm in new york city when i'm even here for a few hours. i'm kidding, guys. the fiscal cliff cloud is lingering. here it comes, i know. defending new york city. in your three-block view. the president used last night's national christmas tree light to go remind everyone the holiday season is for merry times. >> the tree has one message, it's christmastime, not disaster time. >> within their three block radius. our friday gaggle who are all bashing me, republican strategist, former adviser to chris christie, maggie, who is the defender of new york city, senior political reporter for politico, ann reid. >> morning, brooklyn. just saying. >> she is a floridian. that's why i allow you on. come on, now. managing editor of the grio.com. fiscal cliff. mike, i want to start with you. it does seem as if there are three groups of republican thought, right? you have the conservatives saying, you know, don't relent on this. upset jim demint was critical of john boehner the day before he left the senate saying i can't believe you agreed 0 to any tax relief, where the house is trying to configur
said food stamps need to be on the table when it comes to the fiscal cliff and he said there is not enough oversight and 1 in 6 americans uses the food stamps and they say too many abuse the system. >> the real people are fighting and have not reported changes in the income. >> reporter: democrats are warning president barack obama not to give into too many gop demands and they are holding a news conference in about an hour and a half. allison burns, ktvu channel 2 morning news. >>> more news about childhood obesity in america. several say obesity rates are going down. they report philadelphia, new york city, alaska and other areas are seeing drops in obesity. the drops are small but researchers say it is still significant. they are not clear what helped but it is significant for years. >>> they will be back in court and yesterday a judge approved an amendment to attach the sierra lemar case to the other crimes antolin garcia-torres is accused of. he tried to kidnap three went from a safe way parking lot in 2009 and antolin garcia-torres will enter a plea in both cases.
central to this. and if they can come to a deal, then i think we can avoid the fiscal cliff. >> and do you think that -- somebody put this idea out here. and this idea is really vile. i'll use the right word. i think you'll agree. here's the idea. let's go off the cliff, just for purely political reasons, nothing happens immediately, and then, you know, you all come back in session in early january, and you give the middle class a tax cut, and you give the wealthy a tax cut, they'll pay more than they're paying now but less than $39.6. is that possibly what both sides are angling to? >> you use the word vile and i'll echo that word. i think going over the cliff is a sdasster. i think social leaders negotiate the best deal they possibly can, and let's try and get this done. i would not be for playing a game of chicken, if you will, or trying to fool the american people who are pretty dad gum smart when it comes to these sorts of things. >> do you fear the right wing of your own party, a wing that says any revenue, as you heard jim demint say, no revenue, not part of the deal. do you think t
't where we need to be yet when the it comes to abandoning all the hope. i think the postfiscal cliff world has -- not to matter. those people are polyannas. i think we go into a recession with lots of layoffs and the fiscal cliff was designed to compromise. the cliff was designed to scare legislators into rising above politics and compromise. everyone knew about the growth. just like in europe. means it could be, in fact, reduced dramatically. fewer jobs, larger deficit. not smaller. and the federal reserve that's throwing up its hands, can't do anything. as i said last night, it doesn't matter. we can pick our stocks and buy them down. like the fabulous names, amazon, ulta salons. buy them down in scales like i outline in the book "real money." now suggesting other groups giving you a bang for the buck. new groups betting that the hope will be squeezed out and the bottom gets put in before a deal is made -- or not. why not? we know the auto market is for 11 years now and we have been sweet on ford domestically. before sandy. where are we internationally? europe. what are some of the other
with these fiscal cliff negotiations? do you see that coming together, both sides? >> i hope so but there's a cliff in this country in terms of how we approach things. the president ran on a plank, very wealthy no longer should get a tax break. middle class taxpayers should continue to get a lower tax than they otherwise would. the republicans, if i might say so, simply have to listen to the election results. the president was clear. we asked can dates to be clear about their positions. the president was utterly clear that the tax rates for high income people should return to the clinton era. the people spoke. the republicans should listen. jenna: congressman, pleasure to have you on set. look forward to have you come back. talk to us about spending at the national level. >> be glad to do that. jenna: thank you for the time. jon? jon: get away from all this earthly talk of fiscal cliffs and other problems and get to dramatic new findings from space. nasa's hubble space telescope has helped astronomers discover something never seen before. we'll tell you about it coming up [ malennouncer ] it's tt t
, this sunday night possible movement this weekend in the fiscal cliff debate. why some lawmakers are optimistic about a deal at this point. >> and it's just slightly drieseing on the terrace but more rain is on the way. much cooler today look at those afternoon highs and 47 degrees in york 48 in frederick and 52 in dc and 54 in culpepper. that's about a 12 degree drop from where you were yesterday and we did pick up a little bit of rain. more on how much more rain you can expect coming up in the full weather forecast. >> that's so big. >> seriously >>> a possible sign of movement in the fiscal cliff debate. on a morning political talk show senator bob says he and other republicans senators would consider raising the top tax rates for the wealthiest americans when reforms on inteethelment spending. chuck shiewmer says he believes they -- schumer says he believes the compromise will be reached. >> i think we will get a deal. i think everyone realizes how important it is. our economy is moving up some and not fast enough but some and to go over that cliff would be terrible. i think we will get an
you to spend $400 this holiday season. on one item. >> the showdown over the fiscal cliff. a new poll suggests president obama has the american people's support when it comes to taxing the wealthy. this poll shows nearly half of those surveyed once bush eras tax cuts to expire for those making more than $250,000 a year. the poll was taken last weekend. the questions did lean more to the men -- to the democratic party. eric cantor says republicans want to sit down with the president and talk specifics. president obama spoke with business executives, calling for a balanced approach combining taxes with cuts. the president rejected a gop counter offer, which targeted government cuts but did not add any new taxes. if the deal is not reached by january 1, everyone's taxes will go up and automatic spending cuts will go into affect. >> starbucks makes news for two reasons. why they want you to spend $450 this holiday season for one product. >> a would-be thief sets off a bomb next to an atm. what wins? pictures that will show you. >> feeling like >> ready ms from the district. police are loo
. >> 40 minutes past the hour. it's all quiet on capitol hill. when it comes to the looming fiscal cliff crisis that could be a good thing. in 21 days we go over that cliff and four days to get a deal done before they head to christmas break. drastic tax hikes and spending cuts loom. cnn political reporter shannon travis jones us live from washington. what are you hearing? >> well, we're hearing that the negotiations are continuing, zoraida. exactly what those negotiations contain, what's actually happening in them, we're unclear of. so we know that president obama and house speaker john boehner had that one-on-one meeting on sunday, it was their first since mid-november. discussions have continued but, again, very light on details. both sides yesterday put out statements from a public and then from the white house. very light on details. i'll read just one of them for you. quote, discussions with the white house are taking place but we have no detail to share about the substance of those conversations. the republican offer made last week remains the republican offer and we continue to w
to know wh it comes to the fiscal cliff. is youu 401(k) in daer? stay with gerri: as lawmakers look for ways to raise reven in the fiscalliff talk will they endup iding your retirement gerri: well the fiscal cliff negogotiations grinding on and on there seemto be grong buzz the govnment will soon raid, get this, retirementaccounts in order to raise revenue. it is actually happe before in other countries but could it happen here? nathoenig is a fox news contributor and founder of the hedge fund, catalist pig. jonathan, welcome back to the show. >> thanks, gerr gerri: what would you put the possibility of congress coming after our 401(k)s a it is a big pot of money? >> it is an immense pile of money, gerri. we know they're going after our invests, right? raising taxes on dividends dapital gains. given the president's collecvism i feel so sort of direct confiscation of people's 401(k)s is not impossible t begin with. it is a temendous amoun of weth. at the very lett might eliminate tax defermen people enjoyed. further down thespectrum could be o rit wealth tax. it happened many times i
to be republican, by the way,. >> sean: coming up, the fiscal cliff. we have an update what remains in washington, but now even bill clinton's former chief of staff admits the president's plan won't work, and he's calling for spending cuts. i'll get reaction from rudy giuliani as we continue. remember the two deejays in australia. they speak out tonight for the first time as they explained what happened with that hoax what happened with that hoax suicide straight ahead. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, children laughing ] move to the country, d live a long, happy life together where they almost never
increases that are coming and know -- listen. once we go over the fiscal cliff, their leverage is gone and i think they have come to turns with the cold reality but not accepted it yet. >> once or if we go over the cliff, the leverage may be gone for the republicans but not a position the president or the white house wants to be in either. >> it will hurt the economy if nothing else. it shows the american people that republicans and democrats at any level seemingly can't work together. >> michael, that's an interesting point. the american public for the most part i think tuning in and out of this. you have "the washington post" reporting that some investors are taking preemptive action to get ahead of things, moving and selling investments offload stocks, expanding charitable donations and expanding tax shelters if you have enough cash to do something like that, preparing for the end of the year. the nutshell, the people with the cash waiting or at least making a plan to do something with it if these shenanigans if i can call it that continue in washington. >> i think most individuals, howev
will come back to work next week hopefully to get a fiscal cliff deal. >> maybe the movie "lincoln" will inspire senators to work together. a special screening is scheduled for december 19th. senate aides said they will not screen the movie on the senate floor but somewhere else. >> michelle obama has said over and over again she never wants to run for office but a new poll shows her leading senator mark kirk in a very hypothetical matchup. the illinois republican had a stroke last year. >> tonight the entire obama family will gather around the christmas tree. it just happens to be the national christmas tree. it will take place at 5:00 eastern time. >> if you read only one thing this morning, maybe you're already thinking about your new year's resolution to get in better shape. how could you resist this headline? my must read is courtesy of prevention magazine. it's on facebook/jansingco. yep, they're real. we've got more rollbacks on toys all december. wait, was that real? [ male announcer ] this christmas, get the hottest brands and rollbacks on the season's hottest toys, like t
is because, come the fiscal cliff moment, that if he goes over, that they are going to save the backsides of the wealthy 2% of americans. i probably shouldn't but i do. >> speaking as a reagan conservative, i must say i rather agree with you. probably shouldn't. but i do. i think divided government is very difficult. and there's some principles that speaker boehner is fighting for, with which i actually agree. but i think politically, the risk here for the gop, is they've become the party of rich people. and they give up the middle-class to the democrats. and i think you saw some of that in the presidential election. i don't think that's their intent. i think their tax reform intent is quite sound. but the way this is playing out, i think that's a big risk for them. >> they're becoming the party of rich, white, older men, is what it seems to me. you can't think of any other section of american community that right now is thinking the republican party's for me. this isn't be a good place for them to find themselves. >> i think that's why the politics of this are, you know, make it quite po
the fiscal cliff tax hikes that are coming. let's faulk about this. we have igor volsky and guy benson. guy benson, i am glad they have won't up to this lousy medical device tax but did someone say minnesota where, wait, medtronic and st. jude medical are the biggest companies? they're the ones that make the equipment? and senator klobuchar and senator al franken are all of a sudden making a beef because it's in their state? where they been, guy benson, and when did they discover that taxes are job kimmers? >> i thought that wasn't the case at all. you're right. they didn't just wake up to this. let's be completely honest about what happened here. they knew all along that the medical device tax was not just a job killer but would really stifle medical innovation. we've heard this from people across the spectrum. the people involved in this industry who are making america the leader when it comes to world medical innovation, they're saying this is really going to put a crimp in what we're able to accomplish. now at the last minute, the 11th hours, you have 18 johnny come late live democrats,
thing. thank you very much. liz: washington, still, as you know, not coming to a solution on the fiscal cliff with the clock ticking louder than ever. coming up, we are joined exclusively by the former treasury secretary paul o'kneel and how he would solve the crisis. david: big labor taking a big hit, right it work bills sent to the governor's desk who is joining us live after the break. ♪ ins. i didn't see them coming. i have obligations. cute obligatis, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for che
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